Rideshare insurance in Brisbane: What you need to know
20 November 2020
If you’re a rideshare driver for a service like Uber, Didi or Ola, you’ll need to know whether your car insurance will keep you covered — even when your app isn’t running.
Am I insured by my rideshare service?
Rideshare services usually provide some level of cover, but it isn’t a substitute for having your own personal car insurance. Services like Uber don’t insure you when the app is turned off, and they typically don’t cover your car — which is generating your income — in the event of an accident.
Check your rideshare service’s company policy for details on what is and isn’t covered.
In Australia, it’s mandatory for rideshare drivers to have Compulsory Third Party (CTP) Insurance, typically when the car is registered.
Suncorp Queensland CTP Insurance
If you’re rideshare driving, you’ll need to protect yourself from legal risks.
Suncorp Queensland CTP Insurance covers you against the compensation claims of anyone you injure in an accident, including passengers, other drivers, cyclists and pedestrians. We’ll cover you too, unless you’re the at-fault driver. Even if you are at fault, you may be covered for specific serious injuries, for up to $1 million in benefits — if you’re eligible for free Driver Protection Cover.
Some rideshare companies may also require other forms of insurance, such as Third Party Property Damage Insurance.
How to find the right rideshare insurance
As a rideshare driver, your car is probably your main source of income. If it’s damaged in an accident, your earnings could take a hit — which is why you need the right coverage.
Comprehensive car insurance for rideshare drivers
Suncorp Comprehensive Car Insurance will help get your car back to money-earning shape ASAP if it’s lost or damaged in an insured event. This includes damage caused by theft or attempted theft, which is handy when you’re travelling in quiet, unfamiliar areas for pick-up jobs.
If your car is less than two years old, we’ll replace it ‘new-for-old’. The best part? We’ll replace the car with the same make or model, or one that's as similar as possible. Get a quote online and save $50!
You have more options
Suncorp rideshare insurance is available with all levels of our car insurance cover, if you inform us beforehand. Not all insurers do this, so be aware of what’s on your policy.
Both Suncorp Third Party Property Damage and Third Party Fire & Theft Insurance provide a basic level of rideshare coverage—that means we cover damage to other people’s cars and property, but not your own.
How to include ridesharing in your cover
If you’re a new customer, select the ‘’Ridesharing’’ option when asked about your car usage. Existing Suncorp customers can log on to their My Suncorp account and change their vehicle use option to ‘’ridesharing’’. Ridesharing may affect your premium.
If you run into any issues, call us on 13 11 55.
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Insurance is issued by AAI Limited ABN 48 005 297 807 trading as Suncorp Insurance. Consider the Product Disclosure Statement before making a decision about this insurance. This advice has been prepared without taking into account your particular objectives, financial situations or needs, so you should consider whether it is appropriate for you before acting on it.